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20121220
20121220
STATION
CNBC 1
LANGUAGE
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KCSMMHZ
Dec 20, 2012 6:00am PST
exchanging views with ambassadors from japan, the u.s., china and russia. she has already started moving to form her government. she'll meet with members of the present administration to go over issues. a transfer commission will finalize her policies. then in february she'll officially become the first woman in south korea to be president. >>> voters in south korea thought about the power of conglomerates when they cast ballots. many are frustrated that the big business blocks are elbowing out small and medium-size companies. they want their next president to level the playing field. we'll take a more in-depth look into that issue on friday. >>> japan's next leader has been dialing up the pressure on central bankers. he says they need to do more to shore up the economy. officials at the bank of japan emerged from two days of meeting and agreed to pump money into the economy for the fifth time this year. policymakers decided to add 10 trillion yen or $120 billion to the bank's asset-buying program. they plan to add $60 billion to buy up long-term government bonds. they will spend another
CNBC
Dec 20, 2012 4:00am EST
. and so what i'm hoping is that in 2013, the central banks of the united states, europe, and china will find a solution to at stop the growth of that disparity. because i believe it's not right there is such a big gap between these derivatives and the actual products. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy
Search Results 0 to 1 of about 2